Although I’ve been a long-time member, I’m just starting to engage more actively here.

Depending on the group of investors, you can be as passive or active as you want.

It explains why they are usually in the lowest barrier space within the industry (until recently not even a license was required & many still operate illegally).As a Philadelphia resident and active investor in the city I fully endorse investing in Philadelphia but only if you’re receiving sound advice. 

Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

Also, keep an eye on sales activity in the neighborhood, including how long homes are sitting on the market and recent price trends.### Avoid Common MistakesBe cautious of common mistakes like underestimating repair costs, not having a solid exit strategy, and overpaying for the property.

I'm looking to connect with fellow investors and rehabbers who are active in these markets.

There are plenty of real estate groups where investors are actively looking for properties.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

A real estate professional can use real estate losses to offset W-2 or other income, but you would need to meet both the:1.750-hour rule – You must spend at least 750 hours per year in real estate activities.2.50% rule – More than 50% of your working time must be spent on real estate.Since both of you have W-2 jobs, it might be difficult to meet these requirements unless one of you dedicates significant time to real estate.Another option could be buying multiple rental properties.

If you or someone you know is active in this space, I’d love to connect and discuss how we might collaborate on upcoming opportunities.Feel free to reach out directly via DM and I look forward to learning more about the local market and building strong partnerships!